Post Utme Rhema University 2023 Accounting Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2023 Accounting Objective / Multiple Choice
Question 11 POST_UTME_RHEMA_UNIVERSITY • 2023 • ACCOUNTING • objective

The following trial balance was extracted from the books of a government ministry. Prepare the ledger accounts for the assets and liabilities.

Answer Options

A. Assets: Cash = ₦100,000, Bank = ₦200,000, Prepaid Rent = ₦50,000; Liabilities: Accrued Expenses = ₦20,000, Unearned Revenue = ₦30,000
B. Assets: Cash = ₦100,000, Bank = ₦200,000, Prepaid Rent = ₦50,000; Liabilities: Accrued Expenses = ₦30,000, Unearned Revenue = ₦20,000
Correct Answer C. Assets: Cash = ₦100,000, Bank = ₦200,000, Prepaid Rent = ₦50,000; Liabilities: Accrued Expenses = ₦20,000, Unearned Revenue = ₦30,000
D. Assets: Cash = ₦100,000, Bank = ₦200,000, Prepaid Rent = ₦50,000; Liabilities: Accrued Expenses = ₦30,000, Unearned Revenue = ₦20,000
Correct Answer
C
Correct Option:
Assets: Cash = ₦100,000, Bank = ₦200,000, Prepaid Rent = ₦50,000; Liabilities: Accrued Expenses = ₦20,000, Unearned Revenue = ₦30,000

About This Question

This is Post Utme Rhema University 2023 Accounting Question 11. It is one of the objective questions from the 2023 Post Utme Rhema University Accounting examination.

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